Provider account opening

Step by step

1. Prepare application Accounting Preparer

   Accounting Preparer links the account opening request to the parent banking instruction and organization.

   • Draft application and supporting material
   • Updates Factoring reviews, Accounting documents, Record attachments

2. Submit application Accounting Preparer

   The preparer checks the application revision and supporting evidence before placing it in Submitted.

   • Submitted revision for decision
   • Updates Factoring reviews

3. Independent decision Accounting Reviewer

   Accounting Reviewer approves or rejects the frozen submitted revision and records the decision.

   • Reviewer decision on parent and revision
   • Updates Factoring reviews, Review decisions
   ApprovalA person approves before the work moves on.

4. Observe provider authority Accounting Preparer

   The team follows the provider application identifier and records the external account when authority is established.

   • Provider reference and account identity
   • Updates Factoring reviews, Ledger accounts

5. Complete application Accounting Reviewer

   The review is marked Completed after the provider outcome is verified.

   • Provider-authorized result
   • Updates Factoring reviews, Ledger accounts

Accounting Preparer

Assembles and follows the application.

Accounting Reviewer

Makes the independent decision and checks completion.

App Administrator

Maintains partner and organization setup.

Auditor

Reads the resulting trail.